Philippines Business News

The World's Largest Flying Canvas Takes Flight: STARLUX AIRSORAYAMA Silver Redefines Art in the Sky

Born of Hajime Sorayama's vision and piloted by Chairman K.W. Chang, the flying masterpiece makes its inaugural journey from Airbus’ Toulouse base to Taiwan A Media Snippet accompanying this announcement is available by clicking on this link. TOULOUSE, France and TAIPEI, Taiwan, July 06, 2026 (GLOBE NEWSWIRE) -- STARLUX Airlines today took delivery of STARLUX AIRSORAYAMA Silver at the Airbus Delivery Center in Toulouse, France, bringing to life its landmark collaboration with visionary Japanese

Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in June 2026 of 5.1% Compared to 2025

GUADALAJARA, Mexico, July 06, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ("the Company” or "GAP”) announces preliminary terminal passenger traffic figures for June 2026, compared with June 2025. During June 2026, the 12 Mexican airports operated by GAP recorded a 3.5% decrease in total passenger traffic compared to June 2025. Guadalajara airport reported an increase of 6.0%, while Puerto Vallarta, Los Cabos and Tijuana reported a decrease of

Syntiant Publicly Files Registration Statement for Proposed Initial Public Offering

IRVINE, Calif., July 06, 2026 (GLOBE NEWSWIRE) -- Syntiant Corp. ("Syntiant”) today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC”) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to market conditions and the completion of the SEC review process

Iran resumes attacks in Strait of Hormuz, Axios reports

BSP chief says economy can absorb one more rate hike

THE PHILIPPINE ECONOMY can still absorb another rate hike as growth is expected to rebound in the second half of the year, the Bangko Sentral ng Pilipinas (BSP) said.

Philippines needs to grow at least 3.7% to hit target

THE PHILIPPINE ECONOMY must grow by at least 3.7% on average in the remaining three quarters of the year to meet the government’s revised growth target, the Department of Economy, Planning, and Development (DEPDev) said. “For us to achieve the 3.5% (growth) target for the year, the average for the last three quarters must be […]

Elevated oil prices may keep core inflation sticky — Nomura

ELEVATED OIL PRICES could keep core inflation sticky through second-round effects even as headline inflation is expected to ease in June, Nomura Global Markets Research said. In a July 3 report, Nomura Research Analyst Harrington Zhang said the country’s core inflation may have quickened to 4.5% last month from 4.1% in May and 2.2% a […]

DoF sees BoC collections rising in 2nd half

THE DEPARTMENT of Finance (DoF) expects government reforms and stronger economic activity in the second half to lift the Bureau of Customs’ (BoC) revenue collections for the rest of 2026.

ACEN brings Dutch investor into second India RE project

ACEN CORP. has agreed to sell up to a 49% stake in another renewable energy (RE) project in India to Dutch investor Diamond India Renewables One B.V. (DIRO), expanding their partnership following a similar transaction last month. In a regulatory filing on Monday, Unlimited Renewables Holdings B.V. (URH), ACEN’s wholly owned subsidiary, said it had […]

Treasury bill rates drop across all tenors with inflation seen easing

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as average yields dropped across all tenors, with investors betting on slower June headline inflation. The Bureau of the Treasury (BTr) raised P60 billion as planned from the T-bills it auctioned off as total tenders reached P136.841 billion, over twice as much as […]

First Gen secures NIA approval for 120-MW pumped storage project

FIRST GEN CORP. has secured authorization from the National Irrigation Administration (NIA) to develop its planned 120-megawatt (MW) Aya Pumped Storage Project in Pantabangan, Nueva Ecija, clearing a key regulatory hurdle for the project. In a statement on Monday, the Lopez-led power producer said it had signed a 25-year memorandum of agreement (MoA) with NIA […]

Filipino comics: staying alive and diverse

WHILE Philippine comics no longer holds the same influence in local pop culture as before, the industry lives on through a vibrant independent scene that is starting to be recognized abroad.

Chinabank taps Paywatch for earned wage access offering

CHINA BANKING CORP. (Chinabank) has partnered with financial technology company Paywatch to launch an earned wage access solution as it looks to expand its offerings beyond traditional banking products. Earned Wage Access Plus (EWAP) is a solution that allows employees to access a portion of their earned salaries before payday for their cash needs so […]

PLDT expands Bohol network with 11 new sites

PLDT INC. has expanded its rural connectivity program with the activation of 11 new fourth-generation (4G) long-term evolution (LTE) sites in Bohol, as the telecommunications company (telco) continues its nationwide network rollout in underserved areas. In a statement on Monday, PLDT said the new sites were activated in the municipalities of Maribojoc and Antequera to […]

Peso falls as market awaits June CPI

THE PESO weakened again versus the dollar on Monday as players took positions before the release of June Philippine inflation data. The local unit closed at P61.491 per dollar, dropping by 7.6 centavos from its P61.415 finish on Friday, Bankers Association of the Philippines data posted on its website showed. The peso opened Monday’s session […]

AI and the quest for resiliency and sustainability

In the contemporary discourse on sustainability and resilience, artificial intelligence (AI) is often extolled as a technological oracle, a panacea capable of deciphering the complexities of climate change, predicting disasters and orchestrating adaptive strategies. Yet beneath this veneer of promise lies a constellation of limitations that demand sober reflection. To entrust the fate of humanity’s […]

PNB says property unit continues listing preparations

PHILIPPINE National Bank (PNB) said its property arm PNB Holdings Corp. (PHC) continues to prepare for its proposed listing by introduction on the Philippine Stock Exchange (PSE), while the timing of the transaction remains under review. In a disclosure on Monday, PNB said PHC is undertaking the documentation and other preparatory requirements for the proposed […]

Entertainment News (07/07/26)

PRIME VIDEO unveils its July lineup, featuring a diverse mix of global and local titles across series, animé, documentaries, and films.

Developer financing props up condo market, analysts say

DEVELOPERS’ flexible financing schemes are helping sustain the condominium market despite a decline in residential home loans, with property analysts attributing the disconnect to buyers using in-house payment arrangements before obtaining bank mortgages. Their comments came after condominium prices rebounded 11.1% quarter on quarter even as residential home loans declined, a disconnect they attributed to […]

Malayan Insurance to offer travel policies via buy now, pay later firm Atome’s app

MALAYAN Insurance Co., Inc. has partnered with Atome to offer travel insurance plans on the buy now, pay later (BNPL) provider’s platform. Under the partnership, Atome users can purchase Malayan Insurance’s travel policies with prices starting at P89 via the Atome app, the nonlife insurer said in a statemnt on Monday. The integration is powered […]

AC Health’s Healthway opens 18th multi-specialty center

HEALTHWAY MEDICAL NETWORK (HMN), Inc. has expanded its multi-specialty outpatient network to 18 centers nationwide after opening its flagship facility at One Ayala in Makati City, as the company accelerates its expansion strategy. The healthcare provider, a unit of Ayala Healthcare Holdings, Inc. (AC Health), said on Monday that it plans to expand its network […]

Meralco cites misinformation as it joins media literacy campaign

MANILA ELECTRIC CO. (Meralco) cited misinformation and disinformation affecting the power distributor as it joined MediaQuest Holdings, Inc.’s THINKaMuna Pilipinas campaign to promote media and information literacy among employees and customers. Representatives of Meralco and MediaQuest signed a memorandum of agreement on Monday formalizing the power distributor’s participation in the advocacy campaign. Joe R. Zaldarriaga, […]

The value of mixed-use development in urban living

By Felino Palafox, Jr. IMAGINE an urban community where everything you need is reachable within a five-minute walk from your doorstep. This is how we envisioned Rockwell Center when we did the architecture, design, and master-planning in 1998. In a time when projects were limited to shopping malls, gated subdivisions, or condominium and apartment buildings, […]

BSP looks to complete wCBDC roadmap this year

THE BANGKO SENTRAL ng Pilipinas (BSP) could complete the roadmap for the country’s wholesale central bank digital currency (wCBDC) by October, a senior central bank official said. BSP Deputy Governor Mamerto E. Tangonan said it will take them three more months to finish and approve the strategic roadmap for the wholesale BSP-issued digital currency. “Give […]